Australian Business Visas – General Information

Investing in Australia

The Australian Government welcomes productive foreign direct investment. It has helped build Australia’s economy and contributes to economic growth, innovation, and prosperity.

 

To protect Australia’s interests whilst maximising investment flows, certain foreign acquisitions of Australian shares and assets are reviewed by the Australian Foreign Investment Review Board (FIRB).

 

Most foreign investment proposals are approved. Once approved, foreign investors are generally treated the same as domestic investors under Australia’s laws.

 

Levels of government in Australia

Australia is a representative parliamentary democracy with three levels of government: federal, state and territory, and local. This multilayer governance system affects a number of sectors and industries that foreign investors may seek to invest in, including natural resources, infrastructure, commercial real estate, tourism and manufacturing. Foreign investors should have a strong understanding of the responsibilities of each level of government prior to investing in these sectors.

 

For more information, please see the Introduction to the levels of government in Australia: Implications for investors publication.

 

Foreign investment framework

Australia’s foreign investment policy framework comprises the Foreign Acquisitions and Takeovers Act 1975, its related regulations, and Australia’s Foreign Investment Policy.

 

Australia’s Foreign Investment Policy provides guidance on what factors are typically considered in assessing whether an investment proposal is contrary to the national interest. The concept of national interest includes factors such as national security, competition, the impact on other Australian Government policies (such as tax and environmental policy), the impact on the economy and the community, and the character of the investor. Where a proposal involves a foreign government or a related entity, the Government also considers the commerciality of the investment.

 

Foreign investment information

Investment by a foreign entity in Australia may require the formal submission of a proposal. This is subject to approval by the Australian Foreign Investment Review Board (FIRB).

 

The FIRB examines proposals and advises the Australian Government on whether those proposals are suitable for approval under the Government’s policy. Whether a proposal is required to be submitted to FIRB by the investor depends on the monetary value, the nature of the investment, and type of investor.

 

For details on investments requiring submission, see FIRB

 

Investor obligations

Investors are expected to understand Australia’s regulatory environment and abide by all the relevant requirements. The Foreign Investment Review Board website provides guidance on some of the obligations that foreign investors need to consider.

 

For information on these obligations, see FIRB.

 

Obtaining approval

Proposals for foreign investment in Australia should be submitted to the Australian Foreign Investment Review Board (FIRB). FIRB outlines the information that needs to be included in the investment proposal, along with details on how to apply in the policy statement.

For information on obtaining approval to invest, see FIRB.

 

Coming to Australia: Business Visas and Immigration

There is a wide range of Australian business visas for investors looking to set up a business in Australia.

 

Regulatory arrangements can change from time-to-time. Potential investors and workers should review the information provided in the website links below to obtain current information.

 

Visas for business people

There are a number of visa options for people seeking to undertake a business visit, own or manage a business in Australia, or invest in Australia.

 

For further information, please refer to the following visa categories on the Department of Home Affairs website: Business visitor visa (Electronic Travel Authority) and Business Innovation and Investment visas.

 

Business visas include:

 

At No Borders Law Group, we can assist you to ensure that your business proposal is compliant with the nominating State or Territory and the Department of Home Affaris to provide you with the best possible chance of obtaining an invitation. Contact our office today and speak with one of our migration lawyers for a free initial assessment.

 

Need help with getting Australian Visas?

NO BORDERS LAW GROUP: #1 TRUSTED MIGRATION LAWYERS

Email: [email protected]

Tel:  +61 (07) 3876 4000

Consultation:  https://www.noborders-group.com/form/free-consultation

 

We will help you by exploring visa options and securing application. As part of our services, we will assess the eligibility of the application for a partner visa and help you to get out of the abusive relationship and provide you with detailed advice on your chances of success. If you would like to discuss your visa options and evaluate the pathway to permanent residency, please make an enquiry  or  book a consultation to get expert advice with one of our knowledgeable and experienced Migration Agents/Lawyers on 07 3876 4000 or email: [email protected].

 

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Source:

Commonwealth of Australia; Homeaffairs.gov.au